The World Bank’s Board of Directors has officially approved its first-ever 10-year Country Partnership Framework (CPF) for Pakistan, a significant step towards enhancing the country’s development initiatives. Nineteen out of twenty-four directors voted in favor of the framework.

Under this historic commitment, the World Bank has pledged $20 billion, marking the largest financial commitment to Pakistan in its history.

The CPF will target six crucial development areas and will be supported by a comprehensive monitoring and evaluation scorecard to assess progress.

Approximately 75% of the $20 billion will be funneled through the International Development Association (IDA), with the remainder provided by the International Bank for Reconstruction and Development (IBRD).

The framework’s primary focus areas include reducing child stunting, mitigating climate change, improving educational outcomes, ensuring access to clean water, and fostering both public and private investment.

Specific goals outlined in the CPF include increasing tax revenue to over 15% of GDP, adding 10 gigawatts of renewable energy capacity, providing quality education to 12 million students, and delivering healthcare services to 50 million individuals.

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Additionally, the initiative aims to ensure safe drinking water and sanitation for 60 million people, strengthen food security for 30 million, and enhance access to family planning services for 30 million women.

The framework also addresses flood and disaster risks, with the goal of benefiting 75 million people across the nation.

This ambitious plan signifies a pivotal moment in Pakistan’s developmental trajectory, aiming to improve the quality of life for millions while promoting sustainable growth.